Occupied Retail Center with Development
For Sale
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57675 29 Palms Highway, Yucca Valley, CA 92284
17,338 SF shopping center with development potential in Yucca Valley.
Property Size17,338 SF
Lot Size1.27 Acres
Price / SF$280.89
Days on Market259
Property Features for 57675 29 Palms Highway
General Information
Standard status
Active
Size
17,338 SF
Lot size
1.27 Acres
Property subtype
Retail
Zoning
C-G Commercial General
Net Operating Income
$410,291
Building Details
Year Built
2014
Tenancy
Multi
Listing Agency:
CBRE - Orange County
Listed By:
David Swerdlow · License #02104458
(949) 769-4855
Source:
Crexi
Added: Feb 9
Changed: Oct 26
Last Checked: Oct 24 at 4:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Orange County
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Investment Insights
Based on property information with market context.
The Warren Vista Center is a 17,338 SF shopping center that is 100% occupied. The center features a mix of medical, office, and restaurant tenants. It is shadow-anchored by ALDI, providing a daily draw to the center. The property has stable tenancy with recent leasing activity and long-term occupancy. Yucca Family Medical Care has operated at the center for over 10 years and accounts for approximately 70% of the base rent. In 2023, Yucca Family Medical Care signed a 10-year lease renewal and in 2024 signed a new lease to occupy two additional suites. The offering presents an opportunity to add value and income through the development of the 1.27-acre pad. This pad has an existing CUP for commercial uses and is graded, with all utilities to the property line. The property has a weighted average lease term remaining (WALT) of 6.53 years. The Warren Vista Center is located along Twentynine Palms Hwy, with over 28,000 cars per day. Tenants within a 1-mile radius of the property include Stater Bros, Tractor Supply, Walgreens, Big 5 Sporting Goods, Dollar Tree, Starbucks, McDonalds, Vons, Ross, US Bank, and Chipotle.
Key Highlights
- 100% Occupied Retail Center with Stabilized Tenancy: Provides immediate income.
- Strong WALT: 6.53 years weighted average lease term remaining ensures stable long‑term income.
- Future Pad Development Potential: 1.27‑acre pad with existing CUP, utilities, and grading offers value‑add opportunity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$248,519
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,970,380
$5.0M
Cap Rate 7%
$3,550,271
$3.6M
Cap Rate 9%
$2,761,322
$2.8M
Market Conditions
NOI Build-Up for 17,338 SF
Gross rent
$374.5K $21.60/SF
− Vacancy
−$19.5K −$1.12/SF
EGI
$355.0K $20.48/SF
− OpEx
−$106.5K −$6.14/SF
NOI
$248.5K $14.33/SF
Area
San Bernardino County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,970,380
Cap Rate 7%
$3,550,271
Cap Rate 9%
$2,761,322
Alternative Uses
Best Use
Retail
$3.55M
$3.11M – $4.14M
NOI $248,519 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,004 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 92284, CA
25,931
Population
12,255
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
127.5 sq mi
ZIP Area
203
Density / Sq Mi
$52,886
Median Household Income
$36,817
Median Earnings
$1,346
Median Rent
$314,500
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - 17,338 SF shopping center with development potential in Yucca Valley.
Where is this shopping center located?
The property is located at 57675 29 Palms Highway Yucca Valley, CA.
What is the asking price?
The asking price for this property is $4,870,000.
What are key features of this property?
This property features: 100% Occupied Retail Center with Stabilized Tenancy: Provides immediate income.; Strong WALT: 6.53 years weighted average lease term remaining ensures stable long‑term income.; Future Pad Development Potential: 1.27‑acre pad with existing CUP, utilities, and grading offers value‑add opportunity.
